Younger Households Saving: Evidence From Japan and Italy

Albert Ando, Luigi Guiso, Daniele Terlizzese and Daniel Dorsainvil

No 3871, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Both young and old consumers appear to dissave too little for their behaviour to be consistent with a strict life cycle model. We concentrate on young households and document their behaviour drawing from Italian and Japanese data. We also provide a theoretical set-up which can account for the observed fact without relying on assumptions about the working of credit markets or the degree of foresight of consumers.

Date: 1991-10
Note: ITI IFM
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Citations: View citations in EconPapers (1)

Published as Scandinavian Journal of Economics, Vol. 2, (1991).

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